Glossary of Insurance Terminology Search Alphabetically The current value of net assets plus the current value of future profit expected from policies in force (policies in force value). Under current statutory accounting practices, the recognition of costs is concentrated at the time of sales, ...
The development of sound, modern and open insurance markets is an essential component of financial reform in emerging and transition countries. Insurance plays a fundamental role in national economic and social structures as well as in the promotion of entrepreneurship spirit, which is critical for ...
Glossary of International Insurance Terms 1/24 method Accidental death and disablement Accidental loss or damage Accommodation basis Accumulation Acquisition costs Additional voluntary contribution Admissible assets Admitted Admitted assets A method of calculating earned premium on the basis of a two-year (...
If you're getting ready to launch a new business, chances are you know your product or service and your market like the back of your hand. But the mechanics of forming a business entity-knowing the terminology-may be more difficult to understand. To help you sort through the terminology, ...
Rental Car Insurance Terminology Glossary When it comes to rental car insurance, knowledge is power. You don’t want to spend good money to duplicate coverage you may already have. And likewise, you don’t want to skip out on a critical piece of coverage because you think you have it —...
Cyber Insurance Cyber insurance is exactly what it sounds like: insurance coverage to help protect businesses from the losses and impacts that could result from a cyberattack. This coverage can include things like data breaches, theft of personal identifiable information (PII), theft of data, netwo...
Key acronyms and definitions: The different types of outsourcing BPO: ‘BPO’ terminology is used frequently, and it refers to Business Process Outsourcing (BPO). Under a BPO arrangement, a company will transfer front office and back office tasks to a third party, such as customer service, sal...
insurance value The recoverable monetary value of a shipment as established by an insurance company. intentional backorder The dropping of an order into backordered status instead of created status at order creation time. interface system A grouping of one or more APIs. internationalization rule Busin...
This glossary covers all the wholesale terminology essentials you’ll need to talk shop and make your wholesale business an online success.Start your online business today. For free.Start free trial It’s undeniable: wholesale marketplaces are here to stay. Ecommerce has made the world of wholes...
The injured worker can complete the top portion of the form in Spanish. 827 The first medical report that physicians send to insurance carriers or self-insured employers within 72 hours of their first treatment of an injured worker. This form is also used to report an aggravation, a change ...